a Mexican horseman or cowboy, typically one wearing an elaborate outfit, often with silver decorations, of tight trousers, ruffled shirt, short jacket, and sombrero. Origin of charro.
These are only a few of the restrictions on contributions for qualified benefit plans. NQDC plans allow you to provide deferred compensation to your employees in excess of these qualified plan limits.Example(s): Richard and Mary work at BCD Corporation.Richard earns $300,000 in 2011 while Mary earns $100,000.hese are only a few of the restrictions on contributions for qualified benefit plans. NQDC plans allow you to provide deferred compensation to your employees in excess of these qualified plan limits.Example(s): Richard and Mary work at BCD Corporation.
DEFINITION of 'Elective-Deferral Contribution'. A contribution arrangement of an employer-sponsored retirement plan under which participants can choose to set aside part of their pretax compensation as a contribution to the plan.Also known as salary-deferral or salary-reduction contributions..Next Up. contribution arrangement of an employer-sponsored retirement plan under which participants can choose to set aside part of their pretax compensation as a contribution to the plan. Also known as salary-deferral or salary-reduction contributions.. Next Up.